Proposing an amendment to the Constitution of the United States relative to balancing the budget.
Latest action · Jan 22, 2015 Referred to the Subcommittee on the Constitution and Civil Justice.
Progress
Where this resolution reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 12, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Constitutional Amendment
This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a two-thirds vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.
The amendment prohibits total outlays for any fiscal year from exceeding 18% of the gross domestic product of the United States, unless two-thirds of each house of Congress provides for a specific increase above this amount.
The amendment requires a two-thirds vote of each chamber of Congress to impose a new tax, increase the statutory rate of any tax, or increase the aggregate amount of revenue. It requires a three-fifths vote of each chamber to increase the limit on the debt of the United States.
The President is required to submit an annual budget in which total outlays do not exceed total receipts and 18% of the gross domestic product of the United States.
The amendment prohibits a court from ordering a revenue increase to enforce the requirements.
Congress is authorized to waive specified requirements when a declaration of war is in effect or the United States is engaged in a military conflict which causes an imminent and serious military threat to national security.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jan 12, 2015.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Billy Long | Original | Jan 12, 2015 |
Actions 3
Everything that happened, newest first.
- Jan 22, 2015Referred to the Subcommittee on the Constitution and Civil Justice.
- Jan 12, 2015Introduced in House
- Jan 12, 2015Referred to the House Committee on the Judiciary.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HJRES 4 | Proposing an amendment to the Constitution of the United States relative to balancing the budget. | Related bill | Jan 12, 2015 |
| SJRES 6 | A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget. | Identical bill | Mar 16, 2016 |
| HJRES 12 | Proposing a balanced budget amendment to the Constitution of the United States. | Related bill | Jan 12, 2015 |
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
Text 1
Each version as it was printed, newest first.
- Jan 12, 2015Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this resolution on Congress.gov and govinfo.gov.